Green Bond Fact Sheet

A fact sheet detailing a PHP15bn (USD287m) green bond issued by the Rizal Commercial Banking Corporation (RCBC) on February 1, 2019, to fund renewable energy, green buildings, transport, and waste management projects in the Philippines.

• The Rizal Commercial Banking Corporation (RCBC) issued a senior unsecured green bond on February 1, 2019, with a total amount of PHP15bn (approximately USD287m) and a maturity date of August 1, 2020.
• Proceeds from the bond are designated for projects in renewable energy (including onshore wind, geothermal, hydro, and bioenergy), buildings, transport, and waste management. Specific eligibility criteria include: green buildings must achieve LEED Gold or above, a minimum of 4 stars in the Philippines BERDE Green Building Rating System, or be in the top 15% of local low carbon buildings; freight rail infrastructure is eligible provided it is not used for transporting fossil fuels.
• The issuance is noted as the largest debut deal from a green bond issuer in the Philippines.
• The BERDE Green Building Rating System, used for eligibility, employs a 1 to 5 star scale based on eight core areas, including emissions, green materials, and water and energy efficiency and conversion. Sustainalytics observes that BERDE emphasizes water savings more than LEED but has less stringent energy requirements than BREEAM.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-02%20PH%20RCBC%20(Rizal%20Commercial%20Banking%20Corporation).pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-02%20PH%20RCBC%20(Rizal%20Commercial%20Banking%20Corporation).pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=19 February 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-02%20PH%20RCBC%20(Rizal%20Commercial%20Banking%20Corporation).pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = feb, url = {https://www.climatebonds.net/files/drupal-files/files/2019-02%20PH%20RCBC%20(Rizal%20Commercial%20Banking%20Corporation).pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }